Competitive Advantage Can Be Defined As

question 43

Multiple Choice

Competitive advantage can be defined as:

• A)A firm's ability to establish market leadership
• B)A firm's ability to grow faster than its competitors
• C)A firm's potential to earn a rate of profit that is persistently higher than its rivals
• D)A firm's potential for launching innovative new products.

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Definitions:

Brainstorming

A group creativity technique designed to generate a large number of ideas for the solution to a problem.

Criticize

To express disapproval of someone or something based on perceived faults or mistakes.

Self-Directed Work Teams

Denotes groups of employees who are given autonomy to plan, execute, and manage their own tasks and responsibilities without traditional managerial supervision.

Enlarged Jobs

The process of increasing the scope of a job by adding a wider range of tasks and duties to make it more engaging and fulfilling for the employee.